Although the auto insurance quotes legislation did not begin a government insurer, it did provide for the development of the The USA Insurance Board, a public authority with power “to investigate all matters respecting automobile insurance inside the USA” also to control premium rates.
The legislation also “provided an operation whereby government auto insurance could later be introduced.” “Autoplan” The compulsory insurance system created by the 1969 Act included a designated risk plan; but availability of insurance (at least at reasonable cost) remained an issue. Additionally, delays in the claims process for damage to property continued to cause concern.
These matters with the public perception that car insurance rates were generally excessive made automobile insurance a political issue. After its election in 1972 the NDP government made good about it promise to determine a publicly-owned car insurance plan.
The master plan vehicle insurance established was called “Autoplan.” It involved the development of the insurance policy Corporation of america (I.C.B.C.) which had become the “sole provider of compulsory third-party automobile insurance, as well as first-party accident benefits.”
As of 1986, the plan provided approximately $100,000 for medical and rehabilitation expenses; as much as $100 weekly for income replacement; approximately $7,500 like a lump-sum death benefit (with respect to the status from the deceased inherited and the variety of surviving dependents); pensions of up to $100 each week for a surviving spouse and $25 each week for other surviving dependants for about 104 weeks; and funeral expenses as high as $1,000. “Autoplan” also provided optional additional coverage for income replacement.
McCarthy Report In 1979, the Board of Directors of the Insurance Corporation of america create an Automobile Accident Compensation Committee under the chairmanship of its Vice-President, Insurance. Compare rates today on Californiacarinsurancerates.org and start saving huge!